BOKA Powell is partnering with Hillwood Urban to design the 14-story 2601 Victory Avenue tower adjacent to American Airlines Center, and Kaizen Development Partners on The Link at Uptown, a 22-story office tower planned at Akard and Olive streets. The projects are part of a wave of new developments that are reshaping Dallas’ Uptown neighborhood.
DALLAS NEWS: Uptown Dallas developers gear up for the next round of office building
By: Steve Brown, Real Estate Editor
With Uptown Dallas’ two newest office towers filling up, developers are already working on new projects in the area just north of downtown.
But rising construction costs and tightening finance requirements could make it harder to start more speculative office projects Uptown.
The new 22-story Union office tower at Cedar Springs Road and Field Street is 90 percent leased. And the 20-story Park District office high-rise at Pearl and Woodall Rodgers Freeway is three-quarters full, too.
That’s motivation for eager-beaver builders who want to start more offices in Uptown.
“We keep hearing about a new project — every day it seems,” said Brooke Armstrong, executive vice president of commercial property firm JLL. “There are at least three I know of and a whole slew
of others right behind them.
“There is as much activity in the development world in Uptown as there ever has been.”
Some of the new office towers in the works for the area include:
- Granite Properties’ Cedar Maple Plaza, a 27-story office project on Cedar Springs Road across from the Crescent.
- The Link at Uptown, a 22-story office tower planned at Akard and Olive streets next to the new Union development.
- Hillwood Victory Park, a 15-story building with 374,000 square feet planned just west of American Airlines Center.